NOCTUAM: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
NOCTUAM
Largest movements
- Current investments -€1.6m
no longer reported in 2025 (was €1.6m)
- Cash +€661,369
up €661,369 (+569%), from €116,211 to €777,580
mainly Current investments (+€1.6m) and Depreciation (+€102,954)
- Receivables within one year +€258,240
up €258,240 (+16.6%), from €1.6m to €1.8m
of which Trade receivables: +€345,901
- Profit (loss) carried forward -€544,928
down €544,928 (-8.2%), from -€6.6m to -€7.2m
- Trade debts -€144,154
down €144,154 (-54.0%), from €267,110 to €122,956
- Tax, wage and social debts +€83,050
up €83,050 (+128%), from €65,061 to €148,111
of which Taxes: +€71,344
- Gross operating margin +€110,294
up €110,294 (+32.5%), from -€339,083 to -€228,790
- Taxes +€46,613
up €46,613 (+33.7%), from -€138,353 to -€91,741
- Staff costs +€40,976
up €40,976 (+14.5%), from €283,138 to €324,114
- Depreciation +€32,735
up €32,735 (+46.6%), from €70,219 to €102,954
- Financial income +€28,790
up €28,790 (+2,203%), from €1,307 to €30,098
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,501,970 | €2,895,798 | -€606,172 | -17.3% |
| Fixed assets | 21/28 | €272,664 | €299,194 | +€26,530 | +9.7% |
| Tangible fixed assets | 22/27 | €272,664 | €299,194 | +€26,530 | +9.7% |
| Plant, machinery and equipment | 23 | €10,553 | €11,029 | +€476 | +4.5% |
| Furniture and vehicles | 24 | €262,111 | €288,165 | +€26,054 | +9.9% |
| Current assets | 29/58 | €3,229,306 | €2,596,604 | -€632,702 | -19.6% |
| Amounts receivable within one year | 40/41 | €1,554,126 | €1,812,366 | +€258,240 | +16.6% |
| Trade receivables | 40 | €1,326,696 | €1,672,597 | +€345,901 | +26.1% |
| Other amounts receivable | 41 | €227,429 | €139,769 | -€87,661 | -38.5% |
| Current investments | 50/53 | €1,550,000 | - | -€1.6m | |
| Cash at bank and in hand | 54/58 | €116,211 | €777,580 | +€661,369 | +569% |
| Deferred charges and accrued income | 490/1 | €8,969 | €6,658 | -€2,311 | -25.8% |
| Total equity and liabilities | 10/49 | €3,501,970 | €2,895,798 | -€606,172 | -17.3% |
| Equity | 10/15 | €3,169,406 | €2,624,479 | -€544,928 | -17.2% |
| Contributions | 10/11 | €9,812,965 | €9,812,965 | = | 0.0% |
| Capital | 10 | €9,812,965 | €9,812,965 | = | 0.0% |
| Issued capital | 100 | €9,812,965 | €9,812,965 | = | 0.0% |
| Reserves | 13 | €668 | €668 | = | 0.0% |
| Non-distributable reserves | 130/1 | €118 | €118 | = | 0.0% |
| Legal reserve | 130 | €118 | €118 | = | 0.0% |
| Tax-exempt reserves | 132 | €549 | €549 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,644,226 | -€7,189,154 | -€544,928 | -8.2% |
| Amounts payable | 17/49 | €332,564 | €271,319 | -€61,245 | -18.4% |
| Amounts payable within one year | 42/48 | €332,172 | €271,068 | -€61,104 | -18.4% |
| Trade debts | 44 | €267,110 | €122,956 | -€144,154 | -54.0% |
| Suppliers | 440/4 | €267,110 | €122,956 | -€144,154 | -54.0% |
| Taxes, remuneration and social security | 45 | €65,061 | €148,111 | +€83,050 | +128% |
| Taxes | 450/3 | €23,832 | €95,176 | +€71,344 | +299% |
| Remuneration and social security | 454/9 | €41,229 | €52,935 | +€11,706 | +28.4% |
| Accrued charges and deferred income | 492/3 | €392 | €252 | -€141 | -35.9% |
| Remuneration, social security and pensions | 62 | €283,138 | €324,114 | +€40,976 | +14.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €70,219 | €102,954 | +€32,735 | +46.6% |
| Other operating charges | 640/8 | €7,803 | €7,866 | +€63 | +0.8% |
| Non-recurring operating charges | 66A | €24,886 | - | -€24,886 | |
| Gross operating margin | 9900 | -€339,083 | -€228,790 | +€110,294 | +32.5% |
| Operating profit (loss) | 9901 | -€725,129 | -€663,724 | +€61,405 | +8.5% |
| Financial income | 75/76B | €1,307 | €30,098 | +€28,790 | +2,203% |
| Recurring financial income | 75 | €1,307 | €30,098 | +€28,790 | +2,203% |
| Financial charges | 65/66B | €8,664 | €3,042 | -€5,622 | -64.9% |
| Recurring financial charges | 65 | €8,664 | €3,042 | -€5,622 | -64.9% |
| Profit (loss) for the period before taxes | 9903 | -€732,486 | -€636,668 | +€95,818 | +13.1% |
| Income taxes | 67/77 | -€138,353 | -€91,741 | +€46,613 | +33.7% |
| Profit (loss) for the period | 9904 | -€594,133 | -€544,928 | +€49,205 | +8.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€594,133 | -€544,928 | +€49,205 | +8.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.